Off-market insider buying at Taiga Building Products (TBL)

Off-market insider buying at Taiga Building Products (T:TBL)

UPP Holdings Limited, a 10% Holder, acquired 2,000,000 Common Shares on an indirect ownership basis for registered holder Avarga Canada Limited (formerly UPP Investments Canada Limited) at a price of $0.975 through a private transaction on May 22nd, 2020. This represents a $1,950,000 investment into the company's shares and an account share holdings change of 2.6%.

Taiga Building Products is in the Forest & Wood Products Sub Industry Group under the Basic Materials Sector.

Taiga Building Products Ltd (Taiga) is a Canada-based independent wholesale distributor of building products. The Company operates through two segments: Canada and the United States. The Company distributes its products, which include dimension lumber; panel products, including plywood, particle board and oriented strand board, and allied and treated products, such as roofing materials, moldings, composite decking, polyethylene sheeting, batt and foam insulation, flooring, engineered wood and treated wood. It markets treated wood under the brand name Taiga Select. Taiga maintains inventories of building products at approximately 15 distribution centers throughout Canada and over two distribution centers in California. In addition, the Company distributes through the use of third party reload centers. The Company also owns and operates over three wood preservation plants that produce pressure-treated wood products.